Reforestation has been identified as one of the most effective tools against climate change. At the COP21 conference in Paris, 10 African countries pledged over 40 million hectares of land for reforestation. But planting a forest is costly. Who is going to pick up the bill?
For the first time, the Nuffic Tailor Made Training on ‘Sustainable commercial reforestation management’ has been provided at Form Ghana’s training centre in Berekum. 32 young professionals working at Form Ghana Ltd. or at related institutes in Ghana, Togo, and Sierra Leone, have been trained in the field of reforestation management.
In October 2017, the advanced EP-Nuffic tailor-made training took place at Form Ghana’s training center in Berekum. 33 forestry professionals, from different organizations, were intensively trained. The training was designed to meet specific needs of staff of reforestation projects and plantation companies.
In July 2017, we had the fabulous news from the African Development Bank (AfDB), approving the loan to extent the reforestation project in Ghana. This is considered a breakthrough in Climate Financing. For the AfDB the USD24 million loan to the Form Ghana project represents the first Private Sector direct investment in restoration of degraded forests, and the first Forest Investment Program (FIP) private sector project in Africa.